Virginia Commerce Bancorp's quarterly profit rises 39%

MikeMaynard

WASHINGTON (MarketWatch) -- Virginia Commerce Bancorp Inc.
vcbi
reported third-quarter net income of $5.3 million, or 35 cents a share, up from $3.8 million, or 26 cents, earned in the same period in 2004. The latest quarter's profit topped the average forecast of 32 cents a share in a survey of analysts by Thomson First Call. The Arlington, Va.-based company also said net interest income came in at $14.5 million, up nearly 34% from the year-earlier third quarter. Shares of Virginia Commerce Bancorp lost 12 cents to end Tuesday's trading at $25.65.

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